Oman’s Ministry of Housing and Urban Planning (MHUP) has unveiled 151 new investment opportunities aimed at stimulating economic growth and sectoral development. These projects, launched on the Tatweer platform, are designed to enhance Oman’s agricultural and commercial sectors, providing valuable prospects for both local and foreign investors.
Focus on Agricultural Development
In collaboration with the Ministry of Agriculture, Fisheries, and Water Resources (MAFWR), the MHUP has introduced 89 investment opportunities focused on agricultural development. These projects will span a significant 9 million square meters of land across various governorates in Oman. The initiatives include 70 agricultural projects, 10 livestock ventures, 7 water sector initiatives, and 2 fisheries projects. The primary goal is to strengthen Oman’s food, water, and livestock security by implementing cutting-edge scientific and sustainable techniques, aligning with the national development strategy to promote regional progress.
Diverse Investment Projects Across Multiple Sectors
In addition to agricultural developments, the MHUP has launched 62 new investment opportunities available for bidding on the Tatweer platform. This includes 2 commercial projects, 3 mixed-use commercial-residential developments, and 57 industrial zones, covering over 100,000 square meters. The bidding process is open to companies with at least 30% Omani or GCC ownership, as well as Omani nationals aged over 23. Interested parties must submit applications electronically along with a refundable deposit of OMR 500 (USD 1,300).
Strategic Location and Investment Incentives
Oman’s strategic geographic location enhances its appeal as an investment hub. The country provides access to a consumer base of over 59 million people across the Gulf Cooperation Council (GCC) markets, as well as emerging markets in Asia and Africa, reaching a potential consumer base of over one billion people. Oman’s robust infrastructure, including major ports like Duqm, Salalah, and Sohar, strengthens its logistical connectivity between Eastern and Western trading routes.
The Sultanate’s legal framework, economic stability, and impressive GDP growth further solidify Oman’s position as an attractive investment destination. Recent Free Trade Agreements (FTAs) with Singapore, Switzerland, and Pakistan will also open new avenues for trade and business expansion. In addition, foreign investors can benefit from residency permits of five or ten years, depending on the investment volume.
Why Invest in Oman?
Oman’s commitment to enhancing its business environment, combined with these new investment opportunities, makes it an ideal location for company formation in Oman, business setup in Oman, and market entry in Oman. With a strong legal framework, substantial incentives for foreign investment in Oman, and access to vast regional and international markets, Oman presents significant potential for both foreign-owned businesses in Oman and local enterprises.
If you are considering starting a business in Oman, setting up an LLC in Oman, or registering a company in Oman, our expert consultants can guide you through the entire process, ensuring compliance with Oman business laws, business licensing in Oman, and other legal requirements for business in Oman.
Contact us to explore how you can take advantage of these new investment opportunities and establish your business in Oman. Let us help you navigate the steps for business registration in Oman and unlock the full potential of Oman’s economic free zones and expanding market.
